Silver price touched a new high of $51.25 per ounce last week. The price has surged about 73 per cent so far this year, outperforming gold which has risen by 53 per cent (year-to-date).
In mid-September when silver price was $42 per ounce, in this same space in the bl.portfolio edition of September 14, 2025, we had said that a rise to $50-51 is possible. Indeed, the price rise has happened in line with our expectation but much quicker though.
Silver price touched a high of $51.25 per ounce last week and closed at $50.15 on Friday.
The recent surge above $40 is just the third instance in history. The previous two instances were in 1980 and 2011 when silver price peaked at $49.45 (January 1980) and $49.8 (April 2011).
In 1980, price rose as investors chased gold and silver amid conce